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Banking Sector is Trading Near Major Resistance. If the sector
Reverses then it is good to short Banking Stocks Like ICICI
SBI, PNB, AXS for your valuable reurns. And if Any of the
Stock fall and close below 21 DAY moving Average dont forget
to short immediately
ICICI BANK – Rs 636 – Bearish Engulfing Pattern – Already Bearish Signal in the chart
21 DAY EMA – Rs 644.7
Stop Loss – 655
SBI BANK – Rs 1387 – Bearish Engulfing Pattern – Short Only Below 1326 – Catious
21 DAY EMA – Rs 1326
Stop : 2% above the 21 DAY EMA
PNB Bank : Rs 464 – Bearish Engulfing Pattern – Short Only Below 445 – Cautious
21 DAY EMA – RS 445
Stop : 2% above the 21 DAY EMA
AXIS BANK – Rs 679 –Bearish Engulfing Pattern – Already Bearish Signal in the chart
21 DAY EMA – RS 679.3
ICICI & Axis Bank Looks Like a Good for Shorting if Market reverses
SBI & PNB Bank may revese if nifty is turning upside. Nifty Resistance is currently at
4350
Happy Trading
